Lloyds and Schroders confirm plan to create financial planning joint venture
Lloyds and Schroders hope the financial planning business will become one of the UK’s top three within five years.
Company
Lloyds Banking Group PLC
LON:LLOY
Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group’s main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Group operates the UK’s largest retail bank and has a large and diversified customer base.
1370 stories · page 42 of 69
CYBG shares trade at 'unjustified premium' to Lloyds and RBS, says Barclays
Barclays initiated its coverage on CYBG with an ‘underweight’ rating and target price of 280p, saying it expects margins in 2019 to disappoint
Shares in FTSE 100 banks including Lloyds, RBS and Barclays remain under pressure
“RBS has been the best of a bad lot, with Standard Chartered, perhaps weighed down by concerns over its emerging markets, the worst of the FTSE 100’s Big Five, in share price terms,” said AJ Bell investment director Russ Mould
Lloyds working on plan to double share buyback scheme to £2bn next year: Media report
Citing sources familiar with the plan, the newspaper said the FTSE 100-listed lender hopes to return £4.5bn of capital to shareholders through the buyback and by paying a higher dividend
Archive
Third-quarter updates from Barclays, Lloyds Banking Group, and RBS all due in coming week
Aside from the banking trio, updates are also due in the week ahead from the likes of WPP, Whitbread, International Airlines Group, Ryanair, Glencore and Antofagasta
UBS prefers Barclays, Lloyds and RBS despite worries about Brexit uncertainty
UBS said Barclays is its top pick of European banks
Schroders posts increase in third quarter assets, led by institutional demand
The recent performance of assets managers has been mixed as Brexit uncertainty and concerns global trade and political tensions weigh on investor sentiment
Lloyds helps pay for £5.8mln earned by boss of PPI redress scheme staff supplier
The boss and founder of Regulatory Finance Solutions received earnings not far below that of the chief executive of Lloyds last year
Lloyds awards £30mln of assets pulled from Aberdeen Standard Investments to BlackRock
Scottish Widows has also agreed to a strategic partnership with BlackRock and are near to finalising arrangements for a further £80bn of assets
CYBG boosts capital position ahead of Virgin Money takeover but ShoreCap thinks Lloyds offers better value
Shore Capital maintained a 'hold' rating on CYBG, saying it continues to see better value elsewhere in the domestic banking sector with Lloyds offering more upside
Investments and investor services
FTSE 100 closes down nearly 2% as the big sell-off continues
The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
Berenberg analysts like the look of a possible Schroders-Lloyds tie-up
“We believe both aspects of the deal bring strategic benefits to Schroders. At the very least, it demonstrates a corporate dynamism not previously associated with Schroders”
Aston Martin flop leads to reported IPO devaluation for law firm Vannin Capital
The news was followed by another poor showing from the luxury car maker on Monday as its shares began the first day of full trading
Investments and investor services
FTSE 100 closes firmly in red as Italy causes jitters
In the currency markets, sterling is around flat against the Euro and down 0.43% against the US dollar.
Lloyds and RBS back on their feet 10 years after government's bank rescue deal
Given the risks facing the economy, including Brexit and a trade war between the US and China, there is speculation about whether a global recession could happen again
Investments and investor services
Former finance director of Lloyds corporate bank to join Rathbone Brothers
Jennifer Mathias held various senior positions at Lloyds over a 16-year period, including as finance director of corporate banking
Competition watchdog slams Lloyds after PPI errors
The CMA said Lloyds had failed to send annual reviews detailing how much customers need to pay and their right to cancel the policy to some 14,000 eligible customers
FTSE 100 closes lower but up on the week as Italy rattles European markets
FTSE 100 closed the day 35 points lower as the situation in Italy rattled markets
Goldman Sachs' new UK online retail bank challenges Lloyds, RBS, Barclays and HSBC
Goldman’s online retail bank, named Marcus after the group’s founder, is offering an interest rate on savings of 1.5%
Lloyds remains 'our most preferred UK bank', says Credit Suisse as it hikes target price
Credit Suisse expects Lloyds to achieve a dividend yield of 10% in 2019/20